Stainless steel scrap prices plunge in UK, Europe on reduced consumption, lower component costs

The price of stainless steel scrap in the United Kingdom and Europe plunged this week on lower nickel costs and reduced consumption from mills, market sources told Fastmarkets on Friday May 13.

Fastmarkets’ weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was £1,750-1,850 ($2,136-2,258) per tonne on Friday, down by €200 per tonne from a week earlier....

Published

Ross Yeo

May 13, 2022

16:19 GMT

London